BAYHEALTH FOUNDATION CORPORATION

EIN: 222559843 501(c)(3) Health Care

DOVER, DE

Total Revenue
$625,601
Total Expenses
$718,981
Total Assets
$14,208,702
Net Assets
$14,032,185
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
DE
Principal Officer
LINDSAY RHODENBAUGH
Phone
3027447015
Tax Period
2024-01-01 to 2024-06-30

BAYHEALTH FOUNDATION CORPORATION, founded in 1984, is a small nonprofit in the Health Care sector that reported $626K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $719K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO RAISE FUNDS FOR THE BENEFIT OF THE COMMUNITY HOSPITALS WHICH ARE PART OF BAYHEALTH MEDICAL CENTER, INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $511,437
Program Service Revenue $0
Investment Income $66,356
Other Revenue $47,808
TOTAL REVENUE $625,601

Expense Breakdown

Grants Paid $151,948
Salaries & Benefits $448,154
Fundraising Expenses $297,172
Program Expenses $265,694
Other Expenses $115,279
TOTAL EXPENSES $718,981

Year-over-Year Comparison

2023 2022 Change
Revenue $625,601 $2,875,462 -0.8%
Expenses $718,981 $3,289,190 -0.8%
Net Income $-93,380 $-413,728 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$279,198
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB BOOK DIRECTOR 1.00
Director
$0 $0 $0
DREW LAROCHE DIRECTOR 1.00
Director
$0 $0 $0
GERRY MORRIS DIRECTOR 1.00
Director
$0 $0 $0
LORI ENNIS EX-OFFICIO 1.00
Director
$0 $0 $0
GARY CAMP DIRECTOR 1.00
Director
$0 $0 $0
A TEMPLE CARTER DIRECTOR 1.00
Director
$0 $0 $0
JOHN W SHUCK MD DIRECTOR 1.00
Director
$0 $0 $0
PENI G WARREN DIRECTOR 1.00
Director
$0 $0 $0
TITA LEWIS TREASURER 1.00
Officer Director
$0 $0 $0
HOLLY PFEIFER DIRECTOR 1.00
Officer Director
$0 $0 $0
GARY SZYDLOWSKI MD DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN JONES CHAIRMAN 1.00
Officer Director
$0 $0 $0
GARRETT GRIER III DIRECTOR 1.00
Director
$0 $0 $0
KATHY NEWCOMB DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL G SWEENEY DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY RHODENBAUGH PRESIDENT 40.00
Officer
$0 $46,439 $279,198
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $625,601 $718,981 $14,208,702 $-93,380
2023 $2,875,462 $3,289,190 $13,955,115 $-413,728
2022 $2,249,310 $1,537,784 $14,241,155 $711,526
2021 $4,105,121 $3,694,417 $13,134,161 $410,704
2020 $4,453,784 $2,422,492 $11,592,537 $2,031,292
2019 $3,302,064 $4,300,638 $9,291,331 $-998,574
2018 $1,628,229 $4,293,079 $9,782,281 $-2,664,850
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